One failed bank gets the housing fix right
Tuesday, October 28th, 2008The battered economy is in desperate need of a housing fix, and one failed bank just may have the answer.
The battered economy is in desperate need of a housing fix, and one failed bank just may have the answer.
Sales of existing homes rose in September, according to the latest reading on the battered housing market by an industry trade group released Friday.
One of the country’s top banking regulators said Thursday that the government is working on a plan to do more to help troubled homeowners.
The housing crisis still has a choke hold on America: In September, 81,312 homes were lost to foreclosure, according to a report released Thursday.
The 30-year mortgage rate fell this week after last week’s spike, which was its biggest weekly jump since April 1987.
Everyone agrees that the only way to fix the financial crisis is to fix the housing market.
The housing bust has not ended mortgage fraud - hucksters are just finding new ways to make dishonest bucks.
Low mortgage rates, the one bright spot in a devastated housing market, are on a rapid rise.